Business
Amtech Reports Fourth Quarter and Fiscal 2021 Results
TEMPE, Ariz.--(BUSINESS WIRE)-- Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing and wafer polishing,
About this update from Amtech Systems, Inc.
[{"type":"text","content":" TEMPE, Ariz.--(BUSINESS WIRE)--\nAmtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power devices, analog and discrete devices, electronic assemblies and light-emitting diodes (LEDs), today reported results for its fourth quarter and fiscal year ended September 30, 2021.\n\nFourth Quarter Fiscal 2021 Financial and Operational Highlights:\n\n\nNet revenue of $24.3 million\n\n\nOperating income of $1.3 million\n\n\nIncome from operations, net of tax, of $0.7 million\n\n\nIncome per diluted share of $0.05\n\n\nCustomer orders of $34.2 million\n\n\nBook to bill ratio of 1.4:1\n\n\nUnrestricted cash of $32.8 million\n\n\nFiscal 2021 Financial and Operational Highlights:\n\n\nNet revenue of $85.2 million\n\n\nOperating income of $3.7 million\n\n\nIncome from operations, net of tax, of $1.5 million\n\n\nIncome per diluted share of $0.11\n\n\nCustomer orders of $115.4 million\n\n\nSeptember 30, 2021 backlog of $44.1 million\n\n\nMr. Michael Whang, Chief Executive Officer of Amtech, commented, “Fiscal 2021 was a strong year for Amtech, with over $115 million in bookings and over $85 million in revenue, representing year-over-year growth rates of 84% and 30%, respectively. We are encouraged to see this strength continuing into 2022, with a record backlog of $44.1 million and new quoting activity extending into the second fiscal quarter and beyond. Although industry wide logistics and supply chain challenges are creating near-term headwinds, longer-term growth drivers across our served markets remain healthy.”\n\nGAAP Financial Results\n\n\n\n(in millions, except per share amounts)\n\n\n\nQ4 FY\n\n\n\n \n\n\n\nQ3 FY\n\n\n\n \n\n\n\nQ4 FY\n\n\n\n \n\n\n\n12 Months\n\n\n\n \n\n\n\n12 Months\n\n\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n\n\nNet revenues\n\n\n\n$\n\n\n\n24.3\n\n\n\n \n\n\n\n\n$\n\n\n\n23.1\n\n\n\n \n\n\n\n\n$\n\n\n\n15.1\n\n\n\n \n\n\n\n\n$\n\n\n\n85.2\n\n\n\n \n\n\n\n\n$\n\n\n\n65.5\n\n\n\n \n\n\n\n\n\nGross profit\n\n\n\n$\n\n\n\n9.2\n\n\n\n \n\n\n\n\n$\n\n\n\n10.1\n\n\n\n \n\n\n\n\n$\n\n\n\n5.0\n\n\n\n \n\n\n\n\n$\n\n\n\n34.5\n\n\n\n \n\n\n\n\n$\n\n\n\n24.4\n\n\n\n \n\n\n\n\n...